I sold out of this (sick) puppy just the other day.
Ask yourself this - a stock on near-about 5x earnings should provide you a 20% yield. Emeco is in theory trading on 5x earnings, but where is the 20% yield?
You get dividend payments at a bit over 1% a piece, and a miserable buyback. 2H22 buyback announcement was $6.7m (sub 2% of market cap), but they only bought back ~3.5m shares (a bit over $3m) before they, without explanation, stopped.
Most of the cash flow is being reinvested (mis-invested?) back in the business. I don't want that, so count me out.
I sold out of this (sick) puppy just the other day.Ask yourself...
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Last
76.0¢ |
Change
0.010(1.33%) |
Mkt cap ! $393.9M | |||
| Open | High | Low | Value | Volume |
| 75.0¢ | 76.5¢ | 75.0¢ | $161.1K | 212.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2165 | 75.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 77.0¢ | 6155 | 1 |
View Market Depth
| Last trade - 16.10pm 11/11/2024 (20 minute delay) ? |
| EHL (ASX) Chart |